Friday, May 21, 2010

CMA CGM Launch Container Shipping Rate Increases And Surcharge Programme

1st June Sees Increases Across the Board
Shipping News Feature

WORLD WIDE – French container shipping giant CMA CGM, who have spoken recently on the strength of their recovery in the light of a disastrous recent trading period, have announced full details of their rate restoration programmes and surcharges. The past few months have seen the group fail to extract state aid from the French government and in discussion with their bankers over outstanding debts with some restructuring of management.

Now with new build orders cancelled or postponed, Hanjin Heavy Industries are currently having a fire sale of several such container vessels already fitting out in their yards including reportedly at least four Panamax ships of around 3600 TEU capacity originally destined for the French fleet, plus reports from CMA CGM of a strong return to profit, the company has published its programme of rate restorations together with freight surcharges.

The full programme per container is as follows and all the following will apply as from 1st June 2010:

From the US Gulf, the US East and West Coasts to Australia and New Zealand:

+USD 150 per 20’ all types                                     +USD 300 per 40’ all types

From the US East, West and Gulf Coasts to the Mediterranean (including West and East Med, Adriatic, Black Sea, North Africa), Indian Subcontinent, Middle East Gulf and Red Sea:

To the Mediterranean and the Indian Subcontinent:

+USD 200 per 20’ all types (excluding reefers)         +USD 250 per 40’ all types (excluding reefers)

To the Middle East Gulf and the Red Sea: 

+USD 150 per 20’ all types (excluding reefers)         +USD 200 per 40’ all types (excluding reefers)

From the US East, West and Gulf Coasts to North Europe, the Baltic, Scandinavia, United Kingdom and Ireland:

+USD 200 per 20’ all types (excluding reefers)          +USD 300 per 40’ all types (excluding reefers)

From Asia to West Africa:

+ USD 250 per 20’ all types

From North Europe to the Far East

+ USD 200 per 20’ all types                                     + USD 100 per 40’ all types

From North Europe to Japan:

+ USD 250 per 20’ all types                                     + USD 150 per 40’ all types

From North Europe, the United Kingdom, Scandinavia and the Baltic to the Persian Gulf and the Red Sea:

+USD 100 per 20’ container dry                                +USD 200 per 40’ container dry and HC

Peak Volume Surcharge from North Europe to the East Coast of South America:

+EUR 250 per 20’ all types (Euro denominated rates)

+USD 325 per 20’ all types (USD denominated rates)

Peak Season Surcharge from Asia to North Africa (Algeria, Tunisia, Libya, Morocco):

+USD 100 per 20’ all types